Page 1 of 26 12311 ... LastLast
Results 1 to 10 of 255

Thread: Debt ceiling cost to taxpayers: $1.7 billion

  1. #1
    Sage
    pbrauer's Avatar
    Join Date
    Jun 2010
    Location
    Oregon
    Last Seen
    11-27-15 @ 03:31 PM
    Gender
    Lean
    Liberal
    Posts
    25,394

    Debt ceiling cost to taxpayers: $1.7 billion

    Conservatives don't care about the cost as long as it serves their political goals, in my opinion.

    NEW YORK (CNNMoney) -- The debt ceiling debacle has just cost U.S. taxpayers more than $1.7 billion.
    That's the amount of additional interest the government had to pay investors Monday to sell Treasury bills that finance its operations.

    To be precise, the extra cost is $1,721,250,000 more in interest payments than the government would have needed to pay investors just two weeks ago, when they were willing to accept far lower rates before the debt ceiling became a crisis.
    "That's real money," said IHS Chief Economist Nariman Behravesh. "Taxpayers need to wake up to the fact that these kind of shenanigans in the end cost."

    ...
    Debt ceiling cost: $1.7 billion for Treasury bills - Aug. 1, 2011


  2. #2
    Sage
    AdamT's Avatar
    Join Date
    Jul 2011
    Last Seen
    02-13-13 @ 04:09 PM
    Gender
    Lean
    Undisclosed
    Posts
    17,773

    Re: Debt ceiling cost to taxpayers: $1.7 billion

    Quote Originally Posted by pbrauer View Post
    Conservatives don't care about the cost as long as it serves their political goals, in my opinion.

    Debt ceiling cost: $1.7 billion for Treasury bills - Aug. 1, 2011
    Brilliant. Thank you, teabaggers! They can also reimburse us for the massive market drop that was caused by their incredibly irresponsible stunt.

  3. #3
    Tavern Bartender
    Constitutionalist
    American's Avatar
    Join Date
    Mar 2006
    Location
    Virginia
    Last Seen
    Today @ 04:19 PM
    Gender
    Lean
    Conservative
    Posts
    76,277

    Re: Debt ceiling cost to taxpayers: $1.7 billion

    How much more is it costing today while we wait on Harry Reid to get his **** together?
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

  4. #4
    Sage

    Join Date
    Sep 2010
    Last Seen
    Today @ 03:39 PM
    Lean
    Undisclosed
    Posts
    89,757

    Re: Debt ceiling cost to taxpayers: $1.7 billion

    We have a group of people in elected positions of power in government who hate government and would like to see large parts of it destroyed or abolished.

    What more needs to be explained to anyone?
    __________________________________________________ _
    There are two novels that can change a bookish fourteen-year old's life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.... John Rogers

  5. #5
    Sage

    Join Date
    Oct 2007
    Location
    New York
    Last Seen
    11-28-17 @ 04:47 PM
    Gender
    Lean
    Centrist
    Posts
    11,690

    Re: Debt ceiling cost to taxpayers: $1.7 billion

    There is no free lunch so to speak. The unappetizing course of recent political dysfunctionality has a price.

  6. #6
    Global Moderator
    Moderator

    Zyphlin's Avatar
    Join Date
    Jul 2005
    Location
    NoMoAuchie
    Last Seen
    @
    Gender
    Lean
    Independent
    Posts
    47,964

    Re: Debt ceiling cost to taxpayers: $1.7 billion

    Indeed. Goddamn you conservatives. We of course are part of a dictatorship where you all had complete control and chose to delay this out of singularly your own choice.

    ...wait a second...

    No, sorry, I got that wrong. We are a dictatorship, but we're a dictatorship under the Democratic Party, so the Republicans should've just did exactly what the Democrats wanted and dealt with it because we're not a representitive republic where people are elected by their constituents to push for their desires but rather are a dictatorship under teh Democratic Party. Silly me. Damn you conservatives! Damn you to hell for not doing exactly what the Democrats wanted.

    ...wait, no wait another second...

    Oh that's right, we are a represnetitive republic. Both sides have one of the chambers of congress and one side also has the Presidency. Despite that, NEITHER side was able to actually fashion a bill that was able to get support from the other side until the past days. Both sides choices are the reason it took until the 11th hour for this to be done, not just one. But far be it for me to expect hyper partisans to pass up a chance to bash bash bash one sidedly for the sake of political points.

  7. #7
    Sage
    AdamT's Avatar
    Join Date
    Jul 2011
    Last Seen
    02-13-13 @ 04:09 PM
    Gender
    Lean
    Undisclosed
    Posts
    17,773

    Re: Debt ceiling cost to taxpayers: $1.7 billion

    Quote Originally Posted by Zyphlin View Post
    Indeed. Goddamn you conservatives. We of course are part of a dictatorship where you all had complete control and chose to delay this out of singularly your own choice.

    ...wait a second...

    No, sorry, I got that wrong. We are a dictatorship, but we're a dictatorship under the Democratic Party, so the Republicans should've just did exactly what the Democrats wanted and dealt with it because we're not a representitive republic where people are elected by their constituents to push for their desires but rather are a dictatorship under teh Democratic Party. Silly me. Damn you conservatives! Damn you to hell for not doing exactly what the Democrats wanted.

    ...wait, no wait another second...

    Oh that's right, we are a represnetitive republic. Both sides have one of the chambers of congress and one side also has the Presidency. Despite that, NEITHER side was able to actually fashion a bill that was able to get support from the other side until the past days. Both sides choices are the reason it took until the 11th hour for this to be done, not just one. But far be it for me to expect hyper partisans to pass up a chance to bash bash bash one sidedly for the sake of political points.
    You've got to be joking, right? The Republican position in this "democratic" process was that we, the minority, must get 100% of what we want and you, the majority, must get 0% of what YOU want or we are going to destroy the fu**ing economy!

    Hey look, even more deficit reduction from those teabagger deficit hawks!

    "WASHINGTON -- The congressional standoff that has partially shut down the Federal Aviation Administration has some curious math.

    Lawmakers risk losing more than $1 billion in revenue from uncollected airline ticket taxes in a quarrel between Senate Democrats and House Republicans who are demanding a $16.5 million cut in rural air service subsidies.

    The shutdown is less than two weeks old and already the government has lost more than $250 million in revenue because airlines' authority to collect ticket taxes has expired. The entire annual budget of the rural air services program is about $200 million."

    Ah, but conservatives would tell us that those taxes are just passed on to consumers, so we're really benefitting from the non-collection of taxes ... right?

    Err, wrong. With one or two exceptions, the airlines are simply pocketing the money they would have paid in taxes.

  8. #8
    Outer space potato man

    Join Date
    Feb 2010
    Last Seen
    Today @ 04:20 PM
    Gender
    Lean
    Undisclosed
    Posts
    51,751

    Re: Debt ceiling cost to taxpayers: $1.7 billion

    Another failure of congress making much less news: About $200 million/week is being lost in uncollected taxes from airline ticket sales because congress failed to reauthorize the FAA last Friday. If this isn't solved by the end of the current session this week, more than a billion dollars in revenue will be lost because they couldn't get their **** together, not to mention the economic impacts of delaying much-needed improvements to our nation's aviation infrastructure.

    They waste so much time with their grandstanding, floating bills they know will not pass and storming out of the room proclaiming the other side to be unreasonable. Maybe we need fewer representatives. After all, a committee's efficiency is inversely proportional to its size.

    edit: beaten as I type :P
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

  9. #9
    Basketball Nerd
    StillBallin75's Avatar
    Join Date
    Jan 2011
    Location
    Vilseck, Germany
    Last Seen
    12-10-17 @ 07:52 AM
    Gender
    Lean
    Progressive
    Posts
    21,896

    Re: Debt ceiling cost to taxpayers: $1.7 billion

    Quote Originally Posted by American View Post
    How much more is it costing today while we wait on Harry Reid to get his **** together?
    In all likelihood, the Senate will pass the bill. Only the most hardcore ideologues will want to be known as "the Senator who voted to collapse the American economy." So, in essence, the damage has already been done beforehand, and what Harry does or doesn't do at this point likely doesn't make much of a difference.
    Last edited by StillBallin75; 08-02-11 at 12:08 PM.
    Nobody who wins a war indulges in a bifurcated definition of victory. War is a political act; victory and defeat have meaning only in political terms. A country incapable of achieving its political objectives at an acceptable cost is losing the war, regardless of battlefield events.

    Bifurcating victory (e.g. winning militarily, losing politically) is a useful salve for defeated armies. The "stab in the back" narrative helped take the sting out of failure for German generals after WWI and their American counterparts after Vietnam.

    All the same, it's nonsense. To paraphrase Vince Lombardi, show me a political loser, and I'll show you a loser.
    - Colonel Paul Yingling

  10. #10
    Sage

    Join Date
    May 2011
    Last Seen
    Today @ 04:21 PM
    Gender
    Lean
    Centrist
    Posts
    8,180

    Re: Debt ceiling cost to taxpayers: $1.7 billion

    $1.7 billion sounds like nothing compared to the $900 billion in new IOUs the government will be able to write by October of this year, or the $2.4 trillion they'll have to debt-spend overall. These burdens are also the taxpayers' to bear.

Page 1 of 26 12311 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •